…Says over 9m barrels of crude lost to vandals Barth Ndubuwah, Port Harcourt In her resolve to end the menace of crude oil theft, illegal oil bunkering and pipeline vandalism in the nation, the Federal Government, through the Minister of…
Libya, plagued by port blockades and protests at oil facilities in recent months, has now managed to raise its oil production to 1.1 million barrels per day (bpd), the oil Minister of the Tripoli-based government said in a text message…
Italian energy major Eni announced a major oil and gas discovery offshore Ivory Coast, in a block it operates with Petroci Holding. The potential of the discovery has been preliminarily estimated at between 1.5 and 2.0 billion barrels of oil…
Militias mobilised overnight in the Libyan Capital, Tripoli, as tensions rise amid the take-over of the National Oil Company (NOC) and the alleged lifting of force majeure at all oilfield and export terminals. On Sunday, the new Chairman of the…
New oil demand forecast sees global oil markets needing at least 2 million barrels a day by next year taking it back above the 2019 level for the first time since the COVID-19 pandemic struck in early 2020. Consequently, the…
Major energy-intensive industries in France look to convert gas boilers to run on oil as French and European businesses prepare for another decline or a complete halt of Russian gas deliveries to Europe, Reuters reports. No Russian gas supply would…
By Uthman Salami, Abuja and Gloria Akudoro, Abuja The Organisation of the Petroleum Exporting Countries (OPEC) has said the oil and gas industry is under the siege considering the current evolving geopolitical developments events in Eastern Europe. He said the…
…To begin disbursement of $40m Women Fund The Nigerian Content Development and Monitoring Board (NCDMB)has announced plans to set a minimum percentage of females that must be included in any human capacity development (HCD) programme or initiative that it will…
Abimbola Abatta Stakeholders in the oil and gas industry have stressed the need for Nigerian women to leverage the numerous opportunities available in the sector. This is even as they urged the government to put mechanisms in place to encourage…
Key operating major oil companies in Nigeria, have again expressed confidence that their operations in the country will produce a Win-Win situation. However, they urged authorities to facilitate implementation of fiscal policies to remain globally competitive and attract the desired…
